Moscow Exchange Financial Growth Presentation
27%
3Q
2020
Money Market
Trading volumes
Trading volumes of repo with CCP
MosPrime rate¹, %
Repo with the CBR
RUB trn
RUB trn, %
Deposit and credit
Single-security repo with CCP
operations
Inter-dealer repo
GCC repo
Repo with the Federal Treasury
7.3
6.7
6.2
5.6
4.4
+27.7%
→ Share of repo with CCP in total 'interdealer' repo (including GCC repo)
Repo with CCP trading volumes, RUB trin
111.8
102.7
95.2
95.2
87.6
11%
9%
20%
15%
9%
5%
8%
3%
17%
10%
0% 10%
9%
8%
-0%
1%
1%
58%
56%
57%
59%
58%
17%
3Q 2019
13%
4Q 2019
30%
84%
88% 90%
73% 76%
62%
259.4 256.1
231.5
230.9
176.2
66.7
25.0
3.7
14%
17%
19%
1Q 2020
2Q 2020
3Q 2020
2013
2014
2015
2016
2017
2018
2019
9M'20
Fee & commission income
RUB mln
+38.0%
2,279
2,033
1,652
1,768
1,722
3Q 2019
4Q 2019
1Q 2020
2Q 2020
3Q 2020
☑
MOSCOW
EXCHANGE
1
Source: Moscow Exchange, NFA
Overnight rate, average for the period
Comments
F&C income grew 38.0% YoY. Trading volumes increased
27.7% YoY.
■ The discrepancy between the YoY dynamics of F&C income
and volumes was due to: [1] higher shares of CCP and GCC
repo in total volumes, [2] an expansion of average repo
terms, [3] greater open interest, i.e. the position.
Total CCP repo volumes (both single-security and GCC) grew
34.0% YoY with corporate bond repos contributing the most
to this growth.
The share of CCP repo in total 'interdealer' repo stood at 90%
for 9M'20.
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